Tata Consumer Products Limited · NSE:TATACONSUM
Tata Consumer Products — Tata Global Beverages — Q2 2011-12 Earnings Presentation
19 slides from Tata Consumer Products's earnings presentation, 2011
Slide 1: Analyst Presentation Quarter 2 2011-12
Analyst Presentation Quarter 2 2011-12 11
Slide 2: Agenda
Agenda • Financial highlights • Macro Environment • Operating performance highlights • Financial review 2
Slide 3: Financial Highlights for the Quarter
Financial Highlights for the Quarter Group income up 12% against prior year at Rs 1630 crores. EBIT at Rs 113 crores improves prior year Significant reduction in Interest costs and Exceptional items PAT at Rs 78 crores is significantly ahead of prior year 3
Slide 4: Macro Environment
Macro Environment • Volatile exchange market – USD strengthens against most currencies • Commodity costs continue to be high – Tea prices increase in most markets – Coffee prices reduce from an earlier high but still higher than prior year and budget • Interest rate softness continues – Company gain
Slide 5: Operating Performance Highlights
Operating Performance Highlights • Strong performance in India – volume and profitability growth. Achieved value market leadership. • US coffee performance impacted by higher trade spends and significantly higher green coffee costs. • Canada continues market leadership –in black and Specialty Tea Se
Slide 6: Operating Performance Highlights - South Asia
Operating Performance Highlights • South Asia - 14% Top line growth over previous year, with portfolio growth. - Achieved market value leadership with MAT 21.5%1 and maintained volume leadership with MAT 19.7%1 – Price increases triggered in some Brands. – Campaigns for Tata Tea Premium, Tata Tea Go
Slide 7: Operating Performance Highlights - Canada, America and Australia (CAA)
Operating Performance Highlights • Canada, America and Australia (CAA) Canada – Tetley continues to be volume and value leader for Black and specialty teas in the Canada, driven by aggressive innovation – New blends/products developed and launched with good success at listing products with trade. -
Slide 8: Operating Performance Highlights - UK, Europe, Middle East & Africa (EMEA)
Operating Performance Highlights • UK, Europe, Middle East & Africa (EMEA) – Tetley brand investment begins to impact brand health metrics. – Strong performance leads to market leadership as no:1 brand for Tetley Green and Tetley Redbush. – Teapigs brand of super premium teas continues to grow with
Slide 9: Operating Performance Highlights - Non Branded Operations
Operating Performance Highlights • Non Branded Operations – Higher realisations in coffee plantations and extractions drive better results in Tata Coffee Limited. – India and US instant tea operations stable. China JV yet to commence operations despite shipment of 1st container. 9
Slide 10: Financial Review
Financial Review TATA GLOBAL BEVERAGES KEN QD tlisiajan cocotam,
Slide 11: Group Financial Review
Group Financial Review Q2 Ending September Rs Crores YTD Ending September 2011/12 2010/11 Variance 2011/12 2010/11 Variance 1630 1454 176 Total Operating Income 3097 2831 266 113 104 9 EBIT 206 217 (11) 19 21 (2) Investment Income 25 25 - (3) (14) 11 Interest Expense (Net) (4) (26) 22 129 111 18 Pro
Slide 12: Region wise operating income
Region wise operating income Rs Crores Q2 Ending Sept 30 Particulars YTD Ending Sept 30 Actual PY Actual PY Branded Operations 360 277 USA 645 586 106 121 Canada & Australia 201 213 466 398 CAA 846 799 348 333 GB & Africa 633 600 176 165 Europe & Middle East 336 320 524 499 EMEA 969 920 469 409 Sout
Slide 13: Balance Sheet
Balance Sheet Rs Crores Sept ’ 11 -12 Sept’ 10-11 Sources of Funds Shareholders Funds 5602 5047 Loans 1099 1712 Deferred Tax 64 68 Total 6765 6827 Application of Funds Fixed Assets Goodwill 3250 3018 Others 787 758 Investments Long term 543 478 Current 60 51 Cash and Other Deposits 1596 2148 Net Ope
Slide 14: Thank You
Thank You TATA GLOBAL BEVERAGES KEN QD tlisiajan cocotam,
Slide 15: Hyper-Link
Hyper-Link TATA GLOBAL BEVERAGES KEN QD tlisiajan cocotam,
Slide 16: Currency Movements
Currency Movements 1.70 47.00 1.65 42.00 USD/INR vs USD/RUB GBP/USD 1.60 37.00 1.55 32.00 1.50 27.00 Oc No De Jan Fe M Ap M Jun Jul Au Se Oc t-1 v-1 c-1 -11 b-1 ar r-1 ay -11 -11 g-1 p-1 t-1 0 0 0 1 -11 1 -11 1 1 1 GBP INR RUB Source : Reuters Return 16
Slide 17: Commodity Cost Trends - Tea
Commodity Cost Trends - Tea Average Kolkata Price 07-11 150.00 140.00 130.00 120.00 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Sale 2009 2010 2011 17
Slide 18: Commodity Cost Trends - Tea (Mombasa)
Commodity Cost Trends - Tea Mombasa Average Price (2007-2011) 350 300 Price (US$/Kg) 250 200 150 100 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 Auction No. 2009 2010 2011 Return 18
Slide 19: Commodity Costs Trends - Coffee
Commodity Costs Trends - Coffee Daily QKCc2 ICE ‘C’ 4/1/2010 - 9/30/2011 (NYC) Price BarOHLC, QKCc2, Last Trade USc 10/7/2011, 238.95, 239.15, 227.25, 228.75 Lbs 295 290 285 280 275 270 265 260 255 250 245 240 235 230 225 220 215 210 205 200 195 190 185 180 175 170 165 160 155 150 145 140 135 .12 01
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